To fund plans of building more community malls and other commercial assets, property developer DoubleDragon Properties Corp. is seeking to raise as much as P9.7 billion from a new offering of seven-year bonds to retail investors.

MANILA, Philippines - DoubleDragon Properties Corp. (DoubleDragon) will issue a second tranche of its fixed rate retail bonds of up to P9.7 billion comprising of a base offer of P6.5 billion with an oversubscription of P3.2 billion.

Property developer DoubleDragon Properties Corp. chalked up an attributable first quarter net profit of P149.41 million, nearly four times the profit posted in the same period last year, on higher earnings from residential development and leasing businesses.

When DoubleDragon Properties, the real estate company jointly owned by Jollibee Foods Corp. founder Tony Tan Caktiong and Mang Inasal founder Edgar “Injap” Sia II, listed in 2014, it promised investors the company’s net income will hit Php4.8 billion by 2020. It also wanted to become one of the country’s top five largest property companies.

Today April 21, 2017, CityMall and STI signs an agreement for the joint acquisition of a prime commercial property in Tanauan City Batangas intended for a CityMall community mall and STI College campus.

In all my years as a people watcher, I have never seen a self-made businessman quite like Edgar “Injap” Sia whom I met many years ago through Go Negosyo founder Joey Concepcion. At the time, the then 20-something “provincial businessman” was just starting Mang Inasal, a small chicken barbecue restaurant that he put up with money he borrowed from his father, Edgar Sr.

BORACAY, Aklan -- The first cinema and the first Jollibee store have been opened in this island paradise as the DoubleDragon group unbolted the doors of City Mall Boracay to locals and tourists on Saturday.

On the first day the first ever branch of Mang Inasal opened to the public in a 200-sq.-m. space at the car park building of Robinsons in Iloilo City, the store’s grill exhaust malfunctioned. Instead of serving chicken barbecue, Injap Sia, then 26, and his 20 employees fried the chicken.

It’s been a fast ascent for college dropout Edgar “Injap” Sia, who less than a decade ago was selling barbecue chicken in the Philippines. He now leads the real estate developer with the best stock gains in Asia.

It's been a fast ascent for university drop-out Edgar "Injap" Sia, who less than a decade ago was selling barbecue chicken in the Philippines. He now leads the real estate developer with the best stock gains in Asia.

This year, we expect to have a total of 50 built-up CityMalls and at least 30 of which will be operational by the end of this year 2017,” said DoubleDragon Chairman and Chief Executive Officer, Edgar J. Sia in an e-mail to BusinessWorld.

The Department of Trade and Industry (DTI) and CityMall Commercial Centers Inc. on Monday, January 23, 2017 signed an agreement to collaborate in rolling out ‘Go Lokal’ shops across CityMalls nationwide.

Like any ordinary entrepreneur, Edgar “Injap” Sia II has also dreamt of his business becoming big one day.
But he never imagined that his success could reach such heights, enabling him to make a name for himself—at a relatively young age at that—in the local business community.

CityMall Commercial Center Inc. (CityMall) and ABS-CBN Corporation ( ABS-CBN) have signed a Partnership Agreement today to partner in the roll out of cinemas in various provincial areas of the country.
In the second quarter of 2017, 10 cinemas are scheduled to open in CityMalls located in Tagum City-Davao, Victorias City-Negros, Anabu-Imus Cavite, Cotabato City, Bulua-Cagayan de Oro City, Koronodal City, Consolacion-Cebu, Mandalagan-Bacolod City, Sta. Rosa-Nueva Ecija and Dumaguete City.

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It’s not every day that serious savers are given the opportunity to safely and legally earn more than the prevailing deposit rates by lending to a company run by the country's youngest dollar billionaire.

DoubleDragon Properties Corp. (“DoubleDragon”, “DD” or “The Company”) through its subsidiary Hotel of Asia Inc. doubles its 2020 expansion goal from 1,000 to 2,000 JinJiang Inn hotel rooms in different parts of the Philippines, with a total estimated investment value of Php6.6 Billion pesos ($136 million USD).

Today September 29, 2016 DoubleDragon Properties Corp and DD Meridian Park Development Corp conducted a Top Off ceremony of the first tower of its project DoubleDragon Plaza at DD Meridian Park , a 4.8 hectare prime commercial and office building complex development located at the Bay Area, corner of Macapagal Avenue and Edsa Extension in Pasay City near Mall of Asia.

Leading homegrown real estate firm Alsons Development and Investment Corporation and CityMall Commercial Centers, Inc. signed a Joint Venture Agreement on Tuesday, September 20, 2016 to build a CItyMall community mall in a 1.5-hectare lot within the vicinity of Northtown, a 116-hectare residential township of Alsons Dev in Cabantian, Davao City.

DoubleDragon Properties Corp. a joint venture between Mang Inasal founder Edgar “Injap” Sia II and Jollibee Foods Corp. owner Tony Tan Caktiong, plans to issue an additional P10 billion in bonds before the end of the year to complete its fund-raising requirements.